Angang Steel Sinks After Warning of Loss as Glut Savages Margins

  • Steelmaker was among six mills to issue warnings on Friday
  • China's crude-steel production shrinking as demand withers

Angang Steel Co.’s A shares dropped on Monday after China’s fourth-largest producer said it would swing to a loss in 2015, adding to signs that mills in the world’s biggest supplier are struggling against sinking prices and demand.

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